LED lighting and component manufacturer, Cree saw its stock price surge from $25 in October 2011 to close to $70 in October 2013. However, the company’s stock price has been downhill since then and it stands close to $25 at present. Currently, the company’s stock price is trading close to its book value. In this analysis, we discuss the key reasons that drove Cree’s stock price higher and then the reasons that contributed to a decline in the stock price post 2013. The chart below shows the trajectory of Cree’s stock price in the last 5 years:

from Forbes – Tech http://ift.tt/2cT9tUW
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